How homeownership unlocks auto insurance savings.
If you own a home, then people may have told you that you can now save on your auto insurance. While this isn’t true for every homeowner, there are some ways that homeownership helps you save on your car coverage. Here’s what homeowners need to know about unlocking special auto discounts.
- Bundling Home and Auto Can Unlock Discounts
One reason auto insurance is cheaper for some homeowners is that that they secure an auto policy from the same insurance company that they insure their home with. This allows them to bundle these two policies, which automatically unlocks savings for both policies. However, if a homeowner chooses to insure their car through a different insurance company, then they obviously do not have the option to bundle. Sadly, these homeowners will not be able to access this auto insurance discount.
- If Your Home is in a Safe Part of Town, You Can Save
Homeowners can save on their auto insurance if their home is located in a safe part of town and they keep their cars in a secured garage. Auto insurance providers might offer these homeowners lower rates because they consider their cars at lower risk for theft and vandalism. Unfortunately, if your home is in an area with high crime rates, then your risk for car theft and vandalism is higher. In this case, your auto insurance rates would be higher.
These are some of the ways that homeownership can help you save on car coverage. Do you have further questions about how homeownership affects your auto insurance? If so, then contact the experts at Pierce Insurance Group. We are ready to assist you with all your coverage needs today.